6-K


SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549


FORM 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of June 2001

REUTERS GROUP PLC
(Translation of registrant’s name into English)

85 FLEET STREET, LONDON EC4P 4AJ, ENGLAND
(Address of principal executive offices)

[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.]


  Form 20-F _X_ Form 40-F ___  

[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]


  Yes ___ No _X_  

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


    REUTERS GROUP PLC
          (Registrant)

Dated: July 17, 2001 By: /s/ Nancy C. Gardner         

EX-99


News Releases 7 June 2001

Reuters Announces Board Changes and New Structure

No: 15/01

London – Reuters, the global information, news and technology group, announced today a series of Board changes as the first phase of an organisational change programme led by Chief Executive designate Tom Glocer. As part of this programme, Reuters will reorganise its business operations around the principal customer segments it serves: Investment Banking/Brokerage, Treasury, Asset Management and Corporates/Media. These will replace the current product-based divisions of Reuters Information (RI), Reuters Trading Solutions (RTS), and Reuterspace.

These changes, along with the previously announced business transformation programme, are intended to create a customer-focused organisation which uses the latest internet-based technologies to serve Reuters clients around the world.

Roll-out of the new organisational structure will begin when Tom Glocer succeeds Peter Job, the present Chief Executive, who retires at the end of July. It will be substantially completed by the end of the year.

The organisational changes at Board level include the following:

Philip Green, who currently runs the two Reuters Financial divisions, RI and RTS, will assume the new position of Reuters Chief Operating Officer (COO) in July. He joined the company in 1999 and the Board in 2000.

Geoff Weetman, Director of Human Resources, will join the Board in July. He has been with Reuters since 1973 and has held various financial and general management positions, including that of Managing Director, Asia, before taking up his current role in 1998. Rob Rowley, Chief Executive, Reuterspace, will retire from Reuters and step down from the Board at the end of the year. In the interim, he will oversee the integration of the businesses which currently make up the Reuterspace division into the new organisation. They will form the nucleus of the Corporates/Media customer segment.

Jean-Claude Marchand, Group Marketing Director, will retire from the Board and leave the company in July. He will serve as an advisor to the company until the end of the year.

Sir Christopher Hogg, Reuters Chairman, said: “The Group has been vigorously implementing change through its various transformation programmes and the management reorganisation and Board changes we are announcing today are an important step in this process. The move to a COO model reflects the increasing sophistication of the Company’s business and will play directly to the experience and skill set of Philip Green. I welcome Geoff Weetman to the Board where his strong




advocacy of people-related issues will help to keep us focused on our key asset, our employees.

“Rob Rowley and Jean-Claude Marchand have given long and valuable service to Reuters and to the Board and we are pleased that we will continue to be able to draw on their experience during this transitional year. We thank them for their commitment and wish them well for the future.”

Reuters confirms that Geoffrey Weetman does not hold any other directorships and that there are no other details which are required to be disclosed under paragraph 6F.2(b) to (g) of the UKLA Listing Rules.

End

Contacts:


Peter Thomas/Adrian Duffield
Corporate Relations - UK
Tel: +44 (0) 20 7542 4890/4728
peter.v.thomas@reuters.com or adrian.duffield@reuters.com

Nancy Bobrowitz/Felicia Cosby
Corporate Communications - USA
Tel: +1 646-223-5220/5223
nancy.bobrowitz@reuters.com or felicia.cosby@reuters.com

Note to editors:

Reuters (about.reuters.com) premier position as a global information, news and technology group is founded on its reputation for speed, accuracy, integrity and impartiality combined with continuous technological innovation. Reuters strength is based on its unique ability to offer customers around the world a combination of content, technology and connectivity. Reuters makes extensive use of internet technologies for the widest distribution of information and news. Around 73 million unique visitors per month access Reuters content on some 1,400 internet websites. Reuters is the world’s largest international text and television news agency with 2,500 journalists, photographers and camera operators in 190 bureaux, serving 160 countries. In 2000 the Group had revenues of £3.59 billion and on 31 December 2000 the Group employed 18,082 staff in 204 cities in 100 countries. Reuters celebrates its 150th anniversary this year.

This news release may be deemed to include forward-looking statements relating to Reuters within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Annual Report and Form




20-F for the year ended 31 December 2000 under the heading ‘Risk Factors’. Copies of the Annual Report and Form 20-F are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ.

Reuters and the sphere logo are the trademarks of the Reuters group of companies.


EX-99.1


News Releases 8 June 2001

Reuters Receives Request for Additional Information from Department of Justice

No. 16/01

London — Reuters Group PLC announced that it has received a request for additional information and documentation from the Department of Justice (DOJ) in connection with the regulatory review of the pending acquisition by Reuters of certain assets of Bridge Information Systems, Inc.

Reuters will continue to work with the DOJ and will promptly respond to the request for additional information. The company continues to anticipate closing the transaction before the end of August, subject to completion of regulatory review and satisfaction of the other closing conditions.

The request for additional information was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

End

Contact:


Nancy Bobrowitz
Senior
Vice President
Corporate Communications
nancy.bobrowitz@reuters.com
Tel: +1 646 223 5220

Note to editors:

Reuters (www.about.reuters.com) premier position as a global information, news and technology group is founded on its reputation for speed, accuracy, integrity and impartiality combined with continuous technological innovation. Reuters strength is based on its unique ability to offer customers around the world a combination of content, technology and connectivity. Reuters makes extensive use of internet technologies for the widest distribution of information and news. Around 73 million unique visitors per month access Reuters content on some 1,400 Internet websites. Reuters is the world’s largest international text and television news agency with 2,500 journalists, photographers and camera operators in 190 bureaux, serving 160 countries. In 2000 the Group had revenues of £3.59 billion and on 31 December 2000, the Group employed 18,082 staff in 204 cities in 100 countries. Reuters celebrates its 150th anniversary this year.




This news release may be deemed to include forward-looking statements relating to Reuters within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Annual Report and Form 20-F for the year ended 31 December 2000 under the heading ‘Risk Factors’. Copies of the Annual Report and Form 20-F are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ.

In addition, Reuters may not be able to complete the acquisition on the terms previously summarized or other acceptable terms, or at all, due to a number of factors, including failure to get applicable regulatory approval or to satisfy other closing conditions.

Reuters and the sphere logo are the trademarks of the Reuters group of companies.


EX-99.2


News Releases 14 June 2001

Reuters Transfers Management of Greenhouse Fund to New Fund Management Company

No: 17/01

London – Reuters, the global information, news and technology group, is transferring the management of its corporate venture fund, the Greenhouse Fund, to RVC, a newly-formed and independent fund management company.

RVC is being set up by John Taysom (Founder and co-Chief Executive of Reuters Greenhouse Fund) and David Lockwood (co-Chief Executive), together with 17 colleagues, who are leaving Reuters to join the new company. Sir David Walker, Senior Adviser to Morgan Stanley International, will become non-executive Chairman of RVC.

This action enables Reuters to retain the benefit of RVC’s expertise, in relation to the Greenhouse Fund portfolio and RVC’s new funds, whilst allowing the RVC management to develop a larger venture funds business.

In addition to managing the Reuters Greenhouse portfolio, RVC, which has offices in London, San Francisco and Palo Alto, will raise new venture funds to focus on start-ups in Europe and North America. It will seek funds from companies interested in investing in developments in information technology and from financial investors attracted by the track record of RVC’s management team.

Reuters will invest in the first new fund planned by RVC with an option to participate in any other funds raised by the new company. In addition Reuters will continue to make appropriate follow-on investments in companies in its Greenhouse portfolio.

Reuters Greenhouse Fund has invested $443 million in 83 private companies and 14 venture funds since its inception in 1995. Seventeen of the companies have had Initial Public Offerings and a further seven have undergone trade sales. The Fund has raised $326 million in cash from these transactions, of which $51 million relates to the second quarter 2001.

The Greenhouse Fund currently has holdings in 17 quoted companies, valued at $41 million. It also has investments in 59 unlisted companies as well as the 14 venture funds made at a cost of $349 million. Net investment is $76 million (total cash invested less cash realised less the value of the publicly quoted portfolio).

Peter Job, Reuters Chief Executive, said: “Under the Board level guidance of Rob Rowley as Finance Director and later as Chief Executive Reuterspace, the Greenhouse Fund has achieved excellent returns by making focussed technology investments earlier than other people and realising their value over time. Future returns for Reuters will come




from realisation of value from the unquoted portfolio. We are confident that the Fund can continue to demonstrate its ability to pick winners for us as investments mature over the next two or three years. It is now time to give John, David and their team the independence and scope to find other sources of finance to expand a financially rewarding method of funding innovation.”

End

Contacts


Peter Thomas/Adrian Duffield
Corporate Relations - UK
Tel: +44 (0) 20 7542 4890/4728
peter.v.thomas@reuters.com or adrian.duffield@reuters.com

Nancy Bobrowitz/Felicia Cosby
Corporate Communications - USA
Tel: +1 646-223-5220/5223
nancy.bobrowitz@reuters.com or felicia.cosby@reuters.com

Note to editors:

Reuters (about.reuters.com) premier position as a global information, news and technology group is founded on its reputation for speed, accuracy, integrity and impartiality combined with continuous technological innovation. Reuters strength is based on its unique ability to offer customers around the world a combination of content, technology and connectivity. Reuters makes extensive use of internet technologies for the widest distribution of information and news. Around 73 million unique visitors per month access Reuters content on some 1,400 Internet websites. Reuters is the world’s largest international text and television news agency with 2,157 journalists, photographers and camera operators in 190 bureaux, serving 151 countries. In 2000 the Group had revenues of £3.59 billion and on 31 December 2000, the Group employed 18,082 staff in 204 cities in 100 countries. Reuters celebrates its 150th anniversary this year.

This news release may be deemed to include forward-looking statements relating to Reuters within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Annual Report and Form 20-F for the year ended 31 December 2000 under the heading ‘Risk Factors’. Copies of the Annual Report and Form 20-F are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ.

Reuters and the sphere logo are the trademarks of the Reuters group of companies.


EX-99.3


News Releases 20 June 2001

Update on Reuters Operational Structure

Reuters today published the following management changes.

As previously announced, Philip Green, Chief Operating Officer, is responsible for Reuters operational performance. He manages the customer segments, the centres of excellence and sales channels. Appointments announced today include:

1. Customer segments

Reuters business will be divided into four Customer Segments. Each segment’s management will be responsible for setting strategy and deciding which customers to serve, as well as what, where, and how to sell to them.


Investment Banking/Brokerage – Devin Wenig
Treasury – Julie Holland
Asset Management – To be announced
Corporates/Media – To be announced

2. Channels

Customer segments will direct Reuters sales effort across three channels:

Focus Accounts – Alex Hungate

Account Management – Regional managers: Phil Lynch (Americas), Robert Jeanbart (UK and Ireland), Christopher Hagman (Continental Europe, Middle East and Africa), Jan Coos Geesink (Asia Pacific) and Richard Pascoe (Japan).

Reuters Direct (on-line marketing) – Steve Arthers reporting to Greg Meekings

Country management teams will also be responsible for delivering a coherent service offering to all customers in their territory and for ensuring that segment strategies work across multi-segment customers.

3. Centres of Excellence

The customer segments will be supported by a number of centres of excellence which will provide the content and technical platforms for the segments to define their offerings. These centres are divided into three groups:

Business Technology Group (BTG) focuses on providing the capabilities to continue Reuters business transformation, including a single coherent product and technical




architecture. The BTG includes development, data centre operations, the data production group as well as the integration of the Bridge assets (assuming the acquisition is approved by the US Department of Justice). Graham Albutt will manage the BTG.

Global Services will encompass solutions and service for all customers across all segments. It will encompass service, field operations, consulting, enterprise solutions, and retail solutions. Greg Meekings will lead the Global Services.

Editorial — Geert Linnebank, Editor-in-Chief, continues to reports to Tom Glocer, Reuters Chief Executive-designate.

End


EX-99-4


News Releases 25 June 2001

Grant of Options

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS

1) Name of company

Reuters Group PLC

2) Name of director

Thomas Henry Glocer

3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person’s spouse or children under the age of 18 or in respect of a non-beneficial interest

Director

4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)

N/A

5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary

N/A

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class




N/A

9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

N/A

12) Price per share

N/A

13) Date of transaction

N/A

14) Date company informed

N/A

15) Total holding following this notification

N/A

16) Total percentage holding of issued class following this notification

N/A

If a director has been granted options by the company please complete the following boxes

17) Date of grant

(a) 25 June 2001 – Discretionary Share Option Plan

(b) 25 June 2001 – Long Term Incentive Plan

18) Period during which or date on which exercisable




(a) Exercisable February 2004 to 31 December 2010 depending on vesting and other factors

(b) Exercisable February 2006 to 31 December 2007 depending on vesting and other factors

19) Total amount paid (if any) for grant of the option

(a) £NIL

(b) £NIL

20) Description of shares or debentures involved: class, number

(a) Award relating to 565,113 ordinary shares

(b) Award relating to 174,451 ordinary shares

21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

(a) £8.62

(b) NIL

22) Total number of shares or debentures over which options held following this notification

Awards relating to 977,761 ordinary shares

23) Any additional information

Both awards are subject to the achievement of certain performance criteria

24) Name of contact and telephone number for queries

Ms. Janice M Buswell (020) 7542 8187

25) Name and signature of authorised company official responsible for making this notification

Date of Notification Janice M Buswell, Group Regulatory Adviser

26 June 2001

SCHEDULE 11




NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS

1) Name of company

Reuters Group PLC

2) Name of director

David John Grigson

3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person’s spouse or children under the age of 18 or in respect of a non-beneficial interest

Director

4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)

N/A

5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary

N/A

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class

N/A

9) Number of shares/amount of stock disposed

N/A




10) Percentage of issued class

N/A

11) Class of security

N/A

12) Price per share

N/A

13) Date of transaction

N/A

14) Date company informed

N/A

15) Total holding following this notification

N/A

16) Total percentage holding of issued class following this notification

N/A

If a director has been granted options by the company please complete the following boxes

17) Date of grant

(a) 25 June 2001 – Discretionary Share Option Plan

(b) 25 June 2001 – Long Term Incentive Plan

18) Period during which or date on which exercisable

(a) Exercisable February 2004 to 31 December 2010 depending on vesting and other factors

(b) Exercisable February 2006 to 31 December 2007 depending on vesting and other factors

19) Total amount paid (if any) for grant of the option




(a) £NIL

(b) £NIL

20) Description of shares or debentures involved: class, number

(a) Award relating to 92,807 ordinary shares

(b) Award relating to 26,294 ordinary shares

21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

(a) £8.62

(b) NIL

22) Total number of shares or debentures over which options held following this notification

Awards relating to 162,378 ordinary shares

23) Any additional information

Both awards are subject to the achievement of certain performance criteria

24) Name of contact and telephone number for queries

Ms. Janice M Buswell (020) 7542 8187

25) Name and signature of authorised company official responsible for making this notification

Date of Notification Janice M Buswell, Group Regulatory Adviser

26 June 2001

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS

1) Name of company

Reuters Group PLC




2) Name of director

Philip Nevill Green

3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person’s spouse or children under the age of 18 or in respect of a non-beneficial interest

Director

4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)

N/A

5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary

N/A

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class

N/A

9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

N/A




12) Price per share

N/A

13) Date of transaction

N/A

14) Date company informed

N/A

15) Total holding following this notification

N/A

16) Total percentage holding of issued class following this notification

N/A

If a director has been granted options by the company please complete the following boxes

17) Date of grant

(a) 25 June 2001 –Discretionary Share Option Plan

(b) 25 June 2001 –Long Term Incentive Plan

18) Period during which or date on which exercisable

(a) Exercisable February 2004 to 31 December 2010 depending on vesting and other factors

(b) Exercisable February 2006 to 31 December 2007 depending on vesting and other factors

19) Total amount paid (if any) for grant of the option

(a) £NIL

(b) £NIL

20) Description of shares or debentures involved: class, number




(a) Award relating to 177,494 ordinary shares

(b) Award relating to 55,426 ordinary shares

21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

(a) £8.62

(b) NIL

22) Total number of shares or debentures over which options held following this notification

Awards relating to 473,456 ordinary shares

23) Any additional information

Both awards are subject to the achievement of certain performance criteria

24) Name of contact and telephone number for queries

Ms. Janice M Buswell (020) 7542 8187

25) Name and signature of authorised company official responsible for making this notification

Date of Notification Janice M Buswell, Group Regulatory Adviser

26 June 2001

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS

1) Name of company

Reuters Group PLC

2) Name of director

Peter James Denton Job

3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of




an individual holder if it is a holding of that person’s spouse or children under the age of 18 or in respect of a non-beneficial interest

Director

4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)

N/A

5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary

N/A

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class

N/A

9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

N/A

12) Price per share

N/A

13) Date of transaction




N/A

14) Date company informed

N/A

15) Total holding following this notification

N/A

16) Total percentage holding of issued class following this notification

N/A

If a director has been granted options by the company please complete the following boxes

17) Date of grant

25 June 2001

18) Period during which or date on which exercisable

Exercisable February 2006 to 31 December 2007 depending on vesting and other factors

19) Total amount paid (if any) for grant of the option

£NIL

20) Description of shares or debentures involved: class, number

Award relating to 65,656 ordinary shares

21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

£NIL

22) Total number of shares or debentures over which options held following this notification

Awards relating to 441,473 ordinary shares




23) Any additional information

Award subject to the achievement of certain performance criteria

24) Name of contact and telephone number for queries

Ms. Janice M Buswell (020) 7542 8187

25) Name and signature of authorised company official responsible for making this notification

Date of Notification Janice M Buswell, Group Regulatory Adviser

26 June 2001

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS

1) Name of company

Reuters Group PLC

2) Name of director

Jean-Claude Marchand

3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person’s spouse or children under the age of 18 or in respect of a non-beneficial interest

Director

4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)

N/A

5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s)

N/A




6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary

N/A

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class

N/A

9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

N/A

12) Price per share

N/A

13) Date of transaction

N/A

14) Date company informed

N/A

15) Total holding following this notification

N/A

16) Total percentage holding of issued class following this notification

N/A




If a director has been granted options by the company please complete the following boxes

17) Date of grant

25 June 2001

18) Period during which or date on which exercisable

Exercisable February 2006 to 31 December 2007 depending on vesting and other factors

19) Total amount paid (if any) for grant of the option

£NIL

20) Description of shares or debentures involved: class, number

Award relating to 38,021 ordinary shares

21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

£NIL

22) Total number of shares or debentures over which options held following this notification

Awards relating to 290,113 ordinary shares

23) Any additional information

Award subject to the achievement of certain performance criteria

24) Name of contact and telephone number for queries

Ms. Janice M Buswell (020) 7542 8187

25) Name and signature of authorised company official responsible for making this notification

Date of Notification Janice M Buswell, Group Regulatory Adviser




26 June 2001

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS

1) Name of company

Reuters Group PLC

2) Name of director

Robert Oscar Rowley

3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person’s spouse or children under the age of 18 or in respect of a non-beneficial interest

Director

4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)

N/A

5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary

N/A

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class

N/A




9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

N/A

12) Price per share

N/A

13) Date of transaction

N/A

14) Date company informed

N/A

15) Total holding following this notification

N/A

16) Total percentage holding of issued class following this notification

N/A

If a director has been granted options by the company please complete the following boxes

17) Date of grant

25 June 2001

18) Period during which or date on which exercisable

Exercisable February 2006 to 31 December 2007 depending on vesting and other factors




19) Total amount paid (if any) for grant of the option

£NIL

20) Description of shares or debentures involved: class, number

Award relating to 42,243 ordinary shares

21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

£NIL

22) Total number of shares or debentures over which options held following this notification

Awards relating to 271,661 ordinary shares

23) Any additional information

Award subject to the achievement of certain performance criteria

24) Name of contact and telephone number for queries

Ms. Janice M Buswell (020) 7542 8187

25) Name and signature of authorised company official responsible for making this notification

Date of Notification Janice M Buswell, Group Regulatory Adviser

26 June 2001